Circle K Stores Inc. Acquires Retail Property In Jacksonville For $3.15M
9201 Atlantic Blvd, Jacksonville, FL, USA
$3,150,000
$63/SF
Building Size
50,000 SF
Asset Type
Retail
Closing
Jun 9, 2021
About this deal
AI
The retail property located at 9201 Atlantic Blvd in Jacksonville has been sold for $3,150,000. The property spans 50,000 square feet with a price per square foot of $63. The transaction took place between Circle K Stores Inc. as the buyer and JEA represented by Steve McInall as the seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,150,000
- Address: 9201 Atlantic Blvd
- Market: Jacksonville
- Square Footage: 50,000
- Price per Square Foot: $63
- Buyer: Circle K Stores Inc.
- Seller: JEA - Steve McInall
Circle K Stores Inc. acquired the property from JEA, with Steve McInall representing JEA in the transaction. This deal signifies the involvement of significant players in the retail real estate market and highlights the continued investment and growth in the Jacksonville market.
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93